Jeffrey Tucker: Bitcoin destined to end dollar imperialism?

14

Share with:


Interesting interview with Jeffrey Tucker from the Foundation for Economic Education in RT today.  

RT: What are the advantages of bitcoin on the market and what should we expect of it in the future?  

JT: It is already bigger than many currencies in the world. I’m very bullish on bitcoin generally over the long-term, I would say, the next five to ten years. And one reason is that it is a global currency, it is not attached to a single nation state. It exists for the entire world and it is not manipulated and controlled by central banks. That I think is a very good thing for many countries in the world – it allows Chinese to trade with Russians, Russians to trade with Americans, Americans to trade with Brazilians instantaneously at very low fees that you almost don’t even notice. You can’t do that with national money.  

Almost everybody – other than Americans – is tired of the dollar standard for the world. It doesn’t make any sense that one national currency would be the primarily liquid asset for the entire world. It gives the US really unmerited economic, political and military power. So, dollar imperialism is an unjust system and we need some replacement – and nobody has been able to come up with another replacement.

Bitcoin is nowhere near competing with the dollar. However, at some point, within the five or ten years it could actually become a serious player in the world currency exchange market.

Read full article here.

About Richard Kastelein

Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

Visit Website
View All Articles
Buy Bitcoin at CEX.IO

Get Blockchain News Where You Are!

Join our Linked in GroupLike our Facebook Page
Linkedin Group BlockchainLinkedin Facebook Group